Petrobras' delayed pricing changes shakes Lula-Prates relationship, sources say Credit: REUTERS/SERGIO MORAES. April 05, 2023 — 06:15 pm EDT.

Prates, who had been CEO of Petrobras since January 2023, recently clashed with President Lula da Silva and the Ministry of Energy over the allocation of funds, visualizing the conflict between ...

Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras , a member of his ...

Lula and Prates are playing good cop,bad cop.Lula complains about the dividend,keeps his base happy and prates keep investors happy.And Lula takes the dividend and uses for social programs.Win win.

Petrobras (NYSE:PBR) -6.9% post-market Tuesday following news that CEO Jean Paul Prates was fired by Brazil President Luiz Inacio Lula da Silva, to be replaced by Magda Chambriard, the former head ...

Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras, a member of his ...

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA, pushing her to accelerate investments in refineries and natural gas expansion ...

A lawyer and economist, Prates was appointed last January by the Petrobras board of directors soon after leftist Lula was sworn in for a third term. He previously held office from 2003-2011.

When Lula nominated Prates for the CEO position, he described him as a specialist in the energy sector with 30 years experience in the oil, natural gas, biofuels and renewable energy sectors.

Why Lula keeps meddling with Latin America’s top oil company ... Mr Prates says that Petrobras’s ownership of refineries is not monopolistic and that “it’s a false obligation to sell those ...

Prates said that the country is still suffering from “a polarized debate” about local content requirements after a massive pay-to-play corruption scandal known as Carwash embroiled the Rio de ...

Petrobras Chief Executive Jean Paul Prates, who took office in January after being appointed by Lula, has said several times that he will change the company's policy, the so-called PPI, which ...